Bengaluru-based electric motorcycle manufacturer Oben Electric has raised ₹85 crore in a Pre-Series B funding round, highlighting growing investor confidence in the company’s expansion plans and long-term growth strategy. The latest funding round saw participation from several Indian-American family offices, including Raj K Soin, Musa Dakri, and Ramesh Bhutada, along with continued support from existing investors. With this round, Oben Electric’s total funding has reached ₹285 crore. The company is also in discussions with investors to complete its full Series B round in the near future.
The fresh capital will be used mainly to strengthen Oben’s retail presence across India and to support upcoming product launches. The company is focusing on scaling its operations and improving efficiency as it prepares for the next phase of growth. Oben expects its revenue to reach ₹100 crore in FY26. It is also targeting cost-of-goods-sold break-even by March 2026, followed by EBITDA break-even by 2027 as sales volumes and operations continue to expand.
At present, Oben Electric operates more than 85 showrooms across over 70 cities in 18 states. The company has ambitious plans to expand this network to 150 showrooms and service centers by March 2026. Over the next two years, it aims to grow its retail footprint further to around 500 outlets nationwide. In addition to physical stores, Oben has also entered online sales channels, making its electric motorcycles available on platforms such as Amazon and Flipkart to reach a wider customer base.
